Economy

The backbone of the economy is the mining fosforytów (mainly by foreign consortia: British, Australian and New Zealand), which destroyed 80-90% of the area of the island. But in the short term deposits may be exhausted. After the change of legislation in 90 years Nauru became a tax haven is important in this part of the world. Includes import most goods, including potable water. Tourism due to the degradation of the island is not here in almost all developed

~ by nauruguide on December 10, 2008.